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Myanmar Among World Bank’s Top 20 for Business Ease Improvements

YANGON – As the Myanmar government makes efforts to complete its ambitious goal to reach the top 100 of the World Bank’s ease-of-doing-business index 2020, the country was listed among the top 20 most-improved countries. A World Bank report listed Myanmar in the top-20 improvers in Doing Business 2020, alongside China, Bangladesh and India. It […]

20 Fugitives, Including Judges, Administrators, Wanted on Suspicion of Corruption

Six judges, two district administrators, the head of a police station and a public prosecutor and a lawyer are all on a list of fugitives suspected of corruption, along with other government officials. The list, released Sunday by the Myanmar Police Force, numbers 20 individuals and includes their photographs and personal information. In February 2018 […]

NLD’s U Soe Lwin Elected Deputy Mayor of Yangon

YANGON — U Soe Lwin, who won a seat on the executive board of the Yangon City Development Committee (YCDC) as a candidate for the National League for Democracy in last month’s municipal election, was voted deputy mayor of Myanmar’s largest city and commercial capital on Monday. “[Yangon residents] will see change. We contested the […]

The emergence of Suukyinomics

State Counsellor Aung San Suu Kyi’s National League for Democracy (NLD) administration in Myanmar has been heavily condemned by international policy analysts for its absent economic vision and lack of a tangible policy on minority management. But it seems now there is a plan: Suukyinomics, a brand that began with the announcement on 28–29 January […]

Frontier Markets Investment Portfolio: A Mining Site in Northern Myanmar

Asia Frontier Capital’s Regional Investment Analyst Scott Osheroff recently traveled to northern Myanmar to visit the mine site of one of its portfolio companies. Myanmar – Liberalization begins to unfold The National League for Democracy (NLD) seems to have potentially finally come to the realization that the economy is suffering and therefore that their party […]

Tanintharyi Residents Call on Myanmar’s Aung San Suu Kyi Address Corruption Concerns

Residents of a coastal town in southern Myanmar’s Tanintharyi region demanded Wednesday that State Counselor Aung San Suu Kyi take action against their government over complaints about corruption and poor administration by removing the chief minister and the minister of planning and finance. During a three-day visit to the far-flung region, people at a gathering […]

Central Bank Allows Yen, Yuan Transactions

The Central Bank of Myanmar on Wednesday announced that it will now allow the Japanese yen and Chinese yuan to be used as a settlement currency for international payments and transfers. The move came after Chinese investors urged the Ministry for Investment and Foreign Economic Relations to reform Myanmar’s foreign currency exchange policies during the […]

Myanmar’s stalled China-backed Myitsone dam project strained bilateral ties for years — now it could be scaled back or moved

A top Myanmar investment official on Tuesday suggested scaling back or relocating a stalled Chinese-backed hydropower project that has strained ties between the neighbours for nearly a decade. The suggestion follows a statement by the Chinese Embassy in Myanmar earlier this month that said civil society organisations in Kachin state supported the planned project. Hundreds […]

Projects Approved by Previous Gov’t Should Not Be Abolished: State Counselor

Myanmar State Counselor Daw Aung San Suu Kyi said no investor would trust in Myanmar if a new government abolishes projects approved by its predecessor just because they do not comply with its policies. Her comments were in response to a question posed by a student at a meeting with locals in Kalay Township in […]

Tourist arrivals rise 3.15% in ’18

Myanmar received over 3.55 million foreign tourists last year, a 3.15 percent increase over the 3.44 million in 2017, according to the Ministry of Hotels and Tourism. “During 2018, tourist arrivals from western countries were low, and most visitors came from Asia, so the amount of tourism income will be different than last year, but […]